Our mates from Down Under have been taking advantage of a weak U.S. dollar.
According to an article in the Star Advertiser, visitors from both Australia and New Zealand were up 26.5% last year. It also appears this is a trend that will continue with the weakening U.S. dollar. It’s no secret Japanese and Canadian investors have been snapping up Hawaii Real Estate.
I predict we’ll also start to see an increase in real estate investment from our Aussie and Kiwi friends. Traditionally, they’ve eyed out Waikiki as a great place to invest. However, Aussies started snapping up some luxury real estate on the Gold Coast of Diamond Head and two parcels on Kahala Ave. for $7,760,000 and $3,990,000 in August of last year.
There are some great opportunities for investment in Hawaii. Whether you’re a foreigner looking to take advantage of the weak U.S. dollar, or a local investor keen on taking advantage of today’s low interest rates, contact me for more information.